Page 26 - 2014 IHSAA Annual Report

SECTION FIV E Financial Review

2012-13 TOTAL OPERATING REVENUE AND EXPENSES

C D
B A Tournaments $ 8,052,246

B Corporate Partnerships $ 723,666

2012-13 C Officials Licensure $ 419,893
REVENUE
D Other $ 144,306

TOTAL INCOME $ 9,340,111

A

D
C
A Tournaments $ 5,742,411

B Administration $ 2,309,472
2012-13 C Other
EXPENSE $ 1,335,406
B A D Contest Officials $ 296,384

TOTAL EXPENSE $ 9,683,673

The Indiana High School Athletic Association, Inc. and files appropriate tax forms for the Association.
is a private non-for-profit 501(c)(3) corporation that These processes are completed during the months
receives no federal, state or local funding to augment of September and October each year, therefore the
its operation. The IHSAA garners revenue from the financial report you see above is one year removed
proceeds of ticket sales during state championship from the most recently completed school year.
tournament series events, the licensure of nearly
8,000 contest officials, media rights fees and In 2012-13, the IHSAA returned over $2.56 million
corporate partnerships. Annually, the accounting dollars to member schools from tournament series
firm of Petrow Leemhuis Vincent and Kane perform events in the form of reimbursements and stipends
an audit of the Corporation’s finances and prepares while retaining $2.30 million to sustain services

24 INDIA NA HIGH SCHOOL ATHLETIC ASSOCIATION Annual Report 2014